Dar Global Teams Up with Mouawad for a Groundbreaking Project
Dar Global, a well-known real estate firm listed on the London Stock Exchange with the ticker LSE: DAR, is excited to unveil a remarkable partnership with Mouawad, a leading luxury jeweler. Together, they’re embarking on an impressive SAR 880 million residential project that aims to redefine luxury living. This strategic collaboration not only showcases Dar Global's ambitious plans for expansion in the Saudi market but also signifies Mouawad's exciting entry into the luxury residential sector.
A New Era of Luxurious Residential Living
The upcoming residential project will feature 200 stunning villas, designed to be one of the most desirable addresses in Riyadh. Set for handover in the fourth quarter of 2026, these villas will blend Dar Global's innovative vision with Mouawad's exceptional craftsmanship. This partnership truly reflects both companies’ dedication to creating quality, luxurious living experiences.
Unique Features of the Development
One of the standout aspects of this project is that it offers exclusive eligibility for Real Estate Owner Residency. Investors who own properties valued at 4 million Saudi Riyals or more can take advantage of this opportunity within the Saudi Premium Residency program. This initiative boosts the appeal of the real estate market and positions Riyadh as an attractive luxury living destination for both local and international investors.
Perspectives from the Leaders Behind the Partnership
Ziad El Chaar, CEO of Dar Global, shared his excitement about this significant step: "This collaboration with Mouawad represents a proud milestone for us as we bring our global expertise to a new market. By combining our strengths, we strive to set a new standard for luxury and elegance akin to the acclaimed Bulgari Residences. This project reflects our commitment to delivering sophisticated and timeless design that resonates with contemporary living standards."
Similarly, Pascal Mouawad, the Fourth Generation Co-Guardian of Mouawad, highlighted the historical importance of this venture: "For over a century, Mouawad has been a symbol of luxury and elegance. Partnering with Dar Global allows us to intertwine our legacy with high-end real estate. We believe this collaboration will elevate luxury living standards across the real estate landscape."
Envisioning Riyadh's Luxury Market
The partnership between Dar Global and Mouawad aligns perfectly with the Kingdom's vision to enhance its real estate offerings and attract more international investors. By infusing luxury into residential spaces, they are not only expanding their brands but also contributing to the greater narrative of Saudi Arabia as a premier destination for quality living and investment.
Raising the Bar for Luxury Living
This project sets an ambitious standard in the luxury sector, blending modern design with classic craftsmanship. As they move forward, both companies are dedicated to innovating and enhancing quality in real estate development, paving the way for future premium offerings.
Frequently Asked Questions
What is the scale of the residential project?
The project features 200 luxury villas that provide a premium living experience.
When is the estimated handover date for the residential project?
The villas are expected to be handed over in the fourth quarter of 2026.
Who are the main stakeholders in this project?
The primary stakeholders are Dar Global and Mouawad, both recognized leaders in their respective industries.
What is the price eligibility for the Saudi Premium Residency?
Properties valued at 4 million Saudi Riyals and above qualify for Real Estate Owner Residency as part of the Saudi Premium Residency program.
How does this collaboration benefit Saudi Arabia's real estate market?
This partnership enhances Saudi Arabia's attractiveness to international investors and establishes Riyadh as a luxury living destination, further building on the country's growing reputation in global markets.
